Riyadh – Mubasher: Abdullah Abdul Mohsen Al Khodari Sons Company on Wednesday reported accumulative losses of SAR 1.107 billion for the full-year 2018, representing 198.52% of the capital.

The company attributed the previous year losses to the suspension of several projects for various periods of up to two years, according to the company’s filing to the Saudi Stock Exchange (Tadawul).

These projects require the mobilisation of the company’s resources, subcontractors and suppliers.

The increase in the cost of skilled and unskilled workers and the cost of transferring assets were among the reasons beyond the company’s losses, coupled with the significant increase in fuel prices.

By the end of Tuesday’s session, Al Khodari’s stock fell 0.57% at SAR 7.01.